Anonymous
12/24/2023 00:13
Subject: Am I legally responsible for my elderly parents beach condo lease when they pass away?
Anonymous wrote:Anonymous wrote:Depends on the state.
This is false. Estate law depends on the state but there is no state anywhere in which the heirs inherit a debt.
Depends on the debt. Look at Pennsylvania's filial support statute.
Anonymous
12/23/2023 18:15
Subject: Am I legally responsible for my elderly parents beach condo lease when they pass away?
Anonymous wrote:Depends on the state.
This is false. Estate law depends on the state but there is no state anywhere in which the heirs inherit a debt.
Anonymous
12/23/2023 17:40
Subject: Re:Am I legally responsible for my elderly parents beach condo lease when they pass away?
Is there a clause in the lease about not leaving the property vacant for 14 days or 30 days or such, and thereby being in violation of the lease? If they violate the lease then they are still liable for the full year. Maybe there are other ways to violate the lease and still be liable.
Anonymous
12/23/2023 17:33
Subject: Am I legally responsible for my elderly parents beach condo lease when they pass away?
No, the estate, maybe but only if there is money in it.
Anonymous
12/23/2023 17:26
Subject: Am I legally responsible for my elderly parents beach condo lease when they pass away?
Anonymous wrote:Anonymous wrote:Wouldn’t it be the estate-not you individually?
What kind of lease are you talking about (a summer, a week, a year, etc?) There is probably something in it about what happens in the event of death of the leaseholder(s). Also-the odds that your parents due simultaneously seem low, will the survivor keep releasing it when one passes away? Or as their health declines?
Yearly lease.
I always plan for the worst case scenarios.
Tell your parents to put some kind of exclusion in the lease for disability or death.
Anonymous
12/23/2023 14:23
Subject: Am I legally responsible for my elderly parents beach condo lease when they pass away?
Easy to bury then in the sand or burial at sea or the Viking way
Anonymous
12/23/2023 11:48
Subject: Am I legally responsible for my elderly parents beach condo lease when they pass away?
Depends on the state.
Anonymous
12/23/2023 10:46
Subject: Re:Am I legally responsible for my elderly parents beach condo lease when they pass away?
As long as the estate keeps paying the rent then the landlord is unlikely to terminate the lease. If there's money available you'll have some time to clear the house.
After that, the estate can terminate the lease fairly easily. Note, it's the estate not you here. If you're not the executor, it gets more complicated.
Trusts make it easier.
After that, the estate can terminate the lease fairly easily. Note, it's the estate not you here. If you're not the executor, it gets more complicated.
Trusts make it easier.
Anonymous
12/22/2023 23:48
Subject: Am I legally responsible for my elderly parents beach condo lease when they pass away?
Anonymous wrote:Wouldn’t it be the estate-not you individually?
What kind of lease are you talking about (a summer, a week, a year, etc?) There is probably something in it about what happens in the event of death of the leaseholder(s). Also-the odds that your parents due simultaneously seem low, will the survivor keep releasing it when one passes away? Or as their health declines?
Obviously you've not seen The Notebook. Those two died at the same time in the same hospital bed, holding each other. Magical! lol.
OP, I would ask if you could see a copy of the lease. That may help clear up what the landlord intends to do if that were to happen.
Anonymous
12/22/2023 09:27
Subject: Am I legally responsible for my elderly parents beach condo lease when they pass away?
Rules may vary by state but generally leases terminate upon death. Just be prepared for a quick removal of personal property and if concerned, consult an attorney for more infomation
Anonymous
12/22/2023 08:47
Subject: Am I legally responsible for my elderly parents beach condo lease when they pass away?
Anonymous wrote:Wouldn’t it be the estate-not you individually?
What kind of lease are you talking about (a summer, a week, a year, etc?) There is probably something in it about what happens in the event of death of the leaseholder(s). Also-the odds that your parents due simultaneously seem low, will the survivor keep releasing it when one passes away? Or as their health declines?
Yearly lease.
I always plan for the worst case scenarios.
Anonymous
12/22/2023 08:27
Subject: Am I legally responsible for my elderly parents beach condo lease when they pass away?
Estate pays debts before heirs receive inheritance.
Inheritance is never negative.
Contract might allow you to inherit the lease if you want.
Inheritance is never negative.
Contract might allow you to inherit the lease if you want.
Anonymous
12/22/2023 08:21
Subject: Am I legally responsible for my elderly parents beach condo lease when they pass away?
Wouldn’t it be the estate-not you individually?
What kind of lease are you talking about (a summer, a week, a year, etc?) There is probably something in it about what happens in the event of death of the leaseholder(s). Also-the odds that your parents due simultaneously seem low, will the survivor keep releasing it when one passes away? Or as their health declines?
What kind of lease are you talking about (a summer, a week, a year, etc?) There is probably something in it about what happens in the event of death of the leaseholder(s). Also-the odds that your parents due simultaneously seem low, will the survivor keep releasing it when one passes away? Or as their health declines?
Anonymous
12/22/2023 08:17
Subject: Am I legally responsible for my elderly parents beach condo lease when they pass away?
No. If there is money in the estate, it can be responsible. But not you personally unless you have assumed that obligation somehow (signed something).
Anonymous
12/22/2023 08:16
Subject: Am I legally responsible for my elderly parents beach condo lease when they pass away?
If they keep leasing a beach condo into their late 80s and into their 90s eventually they are going to pass away during a lease.
Am I as the surviving family member legally obligated to pay off the remaining balance on their lease?
Am I as the surviving family member legally obligated to pay off the remaining balance on their lease?